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Kengen success
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mlennyma
#251 Posted : Friday, May 20, 2016 3:09:32 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
guru267 wrote:
The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.

Kengen at current prices is a steal for anyone holding for the next five year cycle.

where do you thing the govt rights will go going forward if not continuing to offload and dilute it in future.I agree its a steal from the shareholder
"Don't let the fear of losing be greater than the excitement of winning."
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wukan
#252 Posted : Friday, May 20, 2016 3:25:26 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
guru267 wrote:
The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.

Kengen at current prices is a steal for anyone holding for the next five year cycle.


In five years kengen will need to do another rights issue to balance the debt:equity so you end up with another massive dilution. This is a stock for pension schemes for the retail guy just trade it
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moneydust
#253 Posted : Friday, May 20, 2016 4:14:16 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
guru267 wrote:
The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.

Kengen at current prices is a steal for anyone holding for the next five year cycle.


These are my thoughts too..
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mlennyma
#254 Posted : Friday, May 20, 2016 4:25:31 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
moneydust wrote:
guru267 wrote:
The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.

Kengen at current prices is a steal for anyone holding for the next five year cycle.


These are my thoughts too..

even those who refused to sell at 40 thought so
"Don't let the fear of losing be greater than the excitement of winning."
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Realcement
#255 Posted : Friday, May 20, 2016 6:32:16 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
@All

Before Right Kengen is already 6.55
Rights Price is 6.55.

It is absolute ignorance to take up your rights of 2 for 1 at 6.55 WHERAS you can comfotably buy more units post rights at between 3.00 to 4.00 bob .

This is the plain truth. Recall what happened recently to HFCK rights.

A reasonable word not sentiments is enough for the wise.
Save your cash to get more units post rights at a far cheaper rate(transaction costs inclusive).
You will definately thank me later.

Note:- Kengen is a good stock, the timing is bad,the mood of the market is BEARISHNESS.
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nashx
#256 Posted : Friday, May 20, 2016 7:32:21 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Realcement wrote:
@All

Before Right Kengen is already 6.55
Rights Price is 6.55.

It is absolute ignorance to take up your rights of 2 for 1 at 6.55 WHERAS you can comfotably buy more units post rights at between 3.00 to 4.00 bob .

This is the plain truth. Recall what happened recently to HFCK rights.

A reasonable word not sentiments is enough for the wise.
Save your cash to get more units post rights at a far cheaper rate(transaction costs inclusive).
You will definately thank me later.

Note:- Kengen is a good stock, the timing is bad,the mood of the market is BEARISHNESS.


I don't know 4 bob seems so far fetched...Post rights Kengen EPS will be 1.86, shares with such an EPS (some even lower than it) are all trading above 6 bob...safaricom has an EPS 0.95 for example
Offering my personal finance knowledge for free
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the_scriptor
#257 Posted : Friday, May 20, 2016 7:57:33 PM
Rank: Hello

Joined: 11/29/2015
Posts: 7
Location: Kenya. Iraq
wukan wrote:
sparkly wrote:
sparkly wrote:
hisah wrote:
Sufficiently Philanga....thropic wrote:

A much clearer cartoonsmile
Rising volumes with falling prices.
RSI, Bollinger bands all pointing to overselling.


@sparkly, hope you are holding out long term. We still have the Oct 2016 date when we review KEGN again. My target is 4/- with the rights issue thrown into the dustbin!


Got myself some more at 5.50 yesterday. My bid for another lot at 5.00 today didn't go through.

I keep on buying as the sellers capitulate. I have a feeling that rights will be priced way above 5.50 so i am having my rights right now.


Time for review.
Doubled my holdings at 5.50 and thereabouts. Since the rights price is confirmed at 6.55, I will only be taking half of my allotted rights.

Not keen to allocate too much of my networth in Kengen so i will sell the remaining half of the rights in the market.


Glad you see the wisdom in not allocating too much capital here. Look at the annual report and see how much they spend on employee expenses 4.2b and then under operating expenses welfare and benefits 346m, under related party transaction staff advances 103m. This is an employee welfare scheme.Laughing out loudly Laughing out loudly

As an equity holder i want a dividend yield slightly below the 91 day tbill





@sparkly
Will the rights be renounceable rights(sellable) if i am using the right word? Thinks that will be great if they are.
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guru267
#258 Posted : Friday, May 20, 2016 9:05:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
guru267 wrote:
The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.

Kengen at current prices is a steal for anyone holding for the next five year cycle.

where do you thing the govt rights will go going forward if not continuing to offload and dilute it in future.I agree its a steal from the shareholder


I see Kengen's net profit hitting KES 20Bn in the next 4 years without any further dilution..
Mark 12:29
Deuteronomy 4:16
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sparkly
#259 Posted : Saturday, May 21, 2016 7:26:41 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the_scriptor wrote:
wukan wrote:
sparkly wrote:
sparkly wrote:
hisah wrote:
Sufficiently Philanga....thropic wrote:

A much clearer cartoonsmile
Rising volumes with falling prices.
RSI, Bollinger bands all pointing to overselling.


@sparkly, hope you are holding out long term. We still have the Oct 2016 date when we review KEGN again. My target is 4/- with the rights issue thrown into the dustbin!


Got myself some more at 5.50 yesterday. My bid for another lot at 5.00 today didn't go through.

I keep on buying as the sellers capitulate. I have a feeling that rights will be priced way above 5.50 so i am having my rights right now.


Time for review.
Doubled my holdings at 5.50 and thereabouts. Since the rights price is confirmed at 6.55, I will only be taking half of my allotted rights.

Not keen to allocate too much of my networth in Kengen so i will sell the remaining half of the rights in the market.


Glad you see the wisdom in not allocating too much capital here. Look at the annual report and see how much they spend on employee expenses 4.2b and then under operating expenses welfare and benefits 346m, under related party transaction staff advances 103m. This is an employee welfare scheme.Laughing out loudly Laughing out loudly

As an equity holder i want a dividend yield slightly below the 91 day tbill





@sparkly
Will the rights be renounceable rights(sellable) if i am using the right word? Thinks that will be great if they are.


They are sellable
Life is short. Live passionately.
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Realcement
#260 Posted : Saturday, May 21, 2016 7:10:47 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
FINAL TIME
Let me emphasize and inform all of you that it is better to buy KENGEN at cheaper price after dilusion rather than the rights at 6.55.
Friday closing is even lower at 6.50.
There is no way KENGEM will not be below 4.00 bob between July and october.
It is however a reliable long term play (3 - 5 years) as EPS will be accelerating as more geothermal and other power sources is added to the national grid 2017 - 2020.
Do not say I did not tell you ?
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